Photographer: James D. Morgan/Getty Images

Kangaroo Bond Costs Drop as Aussie Banks Binge on Foreign Money

  • Aussie dollar basis swap climbs as lenders sell offshore bonds
  • Foreign issuance in Australia running 41% slower than in 2015

Australian bonds are starting to look more attractive to issuers from overseas after the so-called Kangaroo market had its slowest start to a year since 2009.

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